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You are here: Home / Archives for Employment

Employment

Need a Change of Pace? 3 Keys to Finding a New Job Quickly

September 6, 2023 by Tim McMahon

In today’s fast-paced work environment, it is common for professionals to feel the need to explore new career opportunities. Whether it is due to a lack of career growth, dissatisfaction with the work environment, or simply a desire to take on a new challenge, finding a new job can be an exciting proposition. However, the process of job searching can seem a bit overwhelming, leaving many job changers unsure of where to start or how to go about it.

If you find yourself in this predicament, don’t worry – in the current low unemployment environment, finding a new job can be quick and easy. In this article, we will explore some actionable tips to help you find new jobs quickly and efficiently.

Firstly, it is important to understand your motivation for seeking out a new job. This can help you identify the types of roles and industries that would be a good fit for you. For example, if you are looking to pursue a career in a particular field, it will be important to identify the skills and experience that are necessary to succeed in that industry. Likewise, if you are looking for a role that provides a better work-life balance, you may need to prioritize companies that offer flexible work arrangements.

Once you have a clear understanding of your goals and preferences, it is time to start exploring job listings. There are numerous social media platforms available today that can help you find good job prospects, including Glassdoor, Indeed, and many others. These platforms allow you to search for jobs based on industry, location, salary, and other criteria. [Read more…] about Need a Change of Pace? 3 Keys to Finding a New Job Quickly

Filed Under: Job Hunting Tagged With: Career change, Hunting, job, job hunting

Different Kinds of Self-Employment That Don’t Require Running a Business

August 23, 2023 by Tim McMahon

If you’re considering self-employment, you may assume that running a business is your only option. While starting a business can be a great way to be your own boss and pursue your passions, it’s not the only way to go about being self-employed. In fact, there are many different ways to be self-employed that don’t require owning a business. Whether you’re looking to start a new career or are simply interested in exploring your options, here are a few different kinds of self-employment to consider.

Freelancing

FreelancerFreelancing involves offering your skills or expertise to others on a project-by-project basis. This can involve anything from writing to graphic design to consulting. As a freelancer, you can choose your own clients and projects, set your own rates, and enjoy the flexibility of working from home or wherever else you choose. While freelancing can be a great way to be self-employed, it does require some hustle to find clients and projects. To get started, consider setting up a portfolio website and networking with potential clients.

Contract work

Contract work is similar to freelancing, but typically involves larger projects or longer-term contracts. For example, you might work as a contract project manager or IT consultant for a company. As a contractor, you’ll typically be paid a flat rate for the duration of the contract, and may be responsible for covering your own expenses. While contract work can be lucrative, it does require finding and negotiating contract opportunities. [Read more…] about Different Kinds of Self-Employment That Don’t Require Running a Business

Filed Under: Careers Tagged With: Freelancer, Teacher, Trucker

Skills and Certifications You Need To Become a Plumber

August 16, 2023 by Tim McMahon

PlumberEveryone needs a plumber once in a while, so skilled plumbers are always in demand. It is a well-respected profession that requires skill, knowledge, and experience. As a plumber, you will be responsible for installing, repairing, and maintaining plumbing systems in residential, commercial, and industrial buildings. You’ll need some technical aptitude and the ability to problem solve quickly when problems arise. Without a doubt, being a plumber requires a variety of skills and a series of certifications. According to the U.S. Bureau of Labor Statistics, the median annual wage for plumbers, pipefitters, and steamfitters was $59,880 in May 2021. And, most plumbers, pipefitters, and steamfitters learn on the job through an apprenticeship. Some attend a vocational-technical school before receiving on-the-job training. Most states require plumbers to be licensed.

If you enjoy working with your hands, a career in plumbing might be for you.

Skills:

Knowledge of Plumbing Systems

To become a plumber, you need to be well-versed in different plumbing systems. You will need to understand how all the pieces fit together and know how to troubleshoot when things go wrong. It’s essential to know the different parts that are used to set up pipes and how to install them correctly. According to Duvall Plumbing Heating and Cooling “Plumbing issues and accidents can be disastrous, costing thousands of dollars in damages.” So, a knowledgeable plumber can be essential to preventing expensive problems.

Attention to Detail

PlumbingPlumbing problems arise when parts are not installed or sealed correctly. Attention to detail is vital when addressing plumbing issues. To become a plumber, you’ll need to be meticulous and detail-oriented. You need to have the patience to conduct thorough inspections and testing to get to the core of the problem. [Read more…] about Skills and Certifications You Need To Become a Plumber

Filed Under: Careers Tagged With: career, plumber, Plumbing

April Employment Nears All-Time Highs

May 6, 2023 by Tim McMahon

The U.S. Bureau of Labor Statistics (BLS) released its employment / unemployment report for April on May 5th 2023.

Employment Near All-Time High 

Seasonally Adjusted U3 down to 3.4%

  • Adjusted U-3 was 3.4% down from 3.5%
  • Unadjusted U-3 was 3.1% down from 3.6%
  • Unadjusted U-6 was 6.1% Down from 6.8%
  • Labor Force Participation unchanged at 62.6%
  • Unadjusted Employment rose from 154.445 million to 155.337 million

 

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance.”

You can read the full BLS report here.

As usual, they are talking about “Seasonally Adjusted Jobs”.

Looking at the Establishment Survey report, we see…
Originally the BLS reported employment of 154.517 million for March which they adjusted to 154.445 million. So they subtracted 72,000 jobs for March. They are now reporting 155.337 million jobs for April, which is an increase of 820,000 based on their original estimates or an increase of 892,000 based on their updated numbers. 

Current Employment Rate Chart

November 2022 had the highest number of people employed in the history of the United States at 155,642,000. Then the typical January slump hit, taking employment down by roughly 3 million. But now employment is once again nearing that high. And if history is any indicator, we can expect employment to peak in June above November’s level before taking another breather. So far, as of April, employment is just a little over 300,000 shy of the all-time high. One way we can tell if the economy is beginning to falter is if the June high doesn’t exceed the previous November, or if November 2023 employment doesn’t exceed June 2023.

Current Employment ChartSee Current Employment for more info.

Full Employment?

Last month we said, “Full Employment is when everyone who wants a job has one. It is generally considered to be slightly above 3%. Although, other factors, such as unemployment benefits, can shift the level higher or lower. So, if unemployment benefits are extended from 6 months to 1 year, people will tend to stay unemployed longer, thus raising the unemployment rate.”

The following chart shows four examples of employment continuing to rise, but unemployment flattens out at just over 3%. Currently, the unadjusted unemployment rate is at 3.1%, as close to the theoretical full employment as you can get. Over the next few months, we will see how well reality relates to theory and if unemployment can actually get below 3%.

Note: The Unemployment rate is inverted to track the employment rate, neither is Seasonally Adjusted.

Employment vs Unemployment Chart

Full employment is not considered to be at zero percent because even when employers are having difficulty finding employees, some people are still unemployed due to either structural unemployment (mismatch between worker skills and job requirements, i.e., not enough training) or simply because they quit their job knowing it would be easy to find another (hopefully better) job. Often referred to as frictional unemployment (there will always be people who have quit or have lost a seasonal job and are in the process of getting a new job). See: Highly Skilled Worker Shortage in a Recession?

If the unemployment rate stays constant, but more people are working, where are these extra workers coming from?

Somehow the workforce has to be growing to accommodate these newly created jobs. They could be long-term unemployed (no longer counted in the workforce) returning to the workforce, they could be immigrants entering the workforce, or possibly retired people coming out of retirement because of an offer too good to turn down. This is generally facilitated by rising wages, but this month’s ADP report indicates that wage growth has slowed, possibly indicating that we are nearing the end of this boom.

Reasons for Unemployment

As we can see from the following chart, Job losers and persons who completed temporary jobs (black line) always creates some job turnover (i.e. temporary unemployment), although this month the level of turnover decreased somewhat. There is also a steady stream of reentrants, new entrants, and those on temporary layoff.

Reasons for unemployment

Duration of Unemployment

If the duration of unemployment begins climbing, it generally indicates a worsening economic climate. The following chart shows a falling less than 5 weeks of unemployment (which could indicate people are starting to be unemployed for longer times or simply that it is easy to find a new job). 5-14 week unemployment rose slightly, 15-26 week unemployment fell, and 27 weeks and over was relatively unchanged. The trouble starts when 15-26 week unemployment begins rising, followed by longer-term unemployment.

Duration of Unemployment The following chart shows an uptick in the percentage of people unemployed 27 weeks or longer, which could be an early warning indicator.

Unemployed 27+ weeks

ADP® National Employment Report

ADP provides an independent (non-government) estimate of private-sector employment and pay, based on data derived from ADP client payrolls. According to ADP®, In collaboration with Stanford Digital Economy Lab, private employment was up in April.

ADP: Private employers added 296,000 jobs in April compared to 145,000 jobs in March.

ADP Employment Comments

 

Ms. Richardson is saying that although employers are still hiring, upward pressure on salaries has eased somewhat.

I’ve added some arrows to the ADP private employment chart, to indicate the slope of the line. The long green arrow shows the rapid post-COVID rebound in employment. Then in early 2022, the rate of increase slowed (small yellow arrow). Then around March 2022, the rate of increase picked up again (small green arrow). More recently, the rate of growth has moderated, possibly due to nearing full employment. As long as the slope is upward, the economy is still growing, despite the difficulty in finding qualified employees.

 

ADP Private Employment by Firm Size

ADP also lists increases by “firm size”.
This month, all-size companies added employees. Last month the only one that decreased was companies with 250-499 employees.

April ADP Changes:

Change by Est Size for Apr 2023

 

ADP Also Tracks Salary Changes:

[Read more…] about April Employment Nears All-Time Highs

Filed Under: Employment Tagged With: ADP, April, BLS, Bureau of Labor Statistics, employment, Jobs Report, unemployment

Work Injury? Short-Term Income Options While You Mend

April 14, 2023 by Tim McMahon

Unfortunately, Job injuries do happen. If you find yourself in this position, don’t fret; there are several options available to help supplement your income while you take time off from work to heal and mend. Let’s review some of these short-term options for supplemental income.

Workers’ Compensation

Work Injury - Leg Cast

If you are injured due to your job or workplace, you may be eligible for workers’ compensation benefits. Workers’ compensation is a federal program that provides money to employees who suffer on-the-job injuries or illnesses and death benefits to families in the event of a worker’s death related to their job. Workers’ compensation aims to provide financial aid and reimbursement for medical expenses so that an employee can focus on healing and recovery without worrying about basic needs such as shelter, food, and clothing.

Each state has its own laws regarding workers’ compensation eligibility criteria and benefit amounts. Contact your state’s Department of Labor or consult with an attorney specializing in workplace injury cases for more information about workers’ compensation benefits in your state.

Social Security Disability

Social Security administration

If your injury is expected to keep you out of work for a long period of time, you may be eligible for Social Security disability benefits. These benefits are designed to provide financial support when someone can no longer work due to a disability or illness that is expected to last for at least 12 months or result in death. [Read more…] about Work Injury? Short-Term Income Options While You Mend

Filed Under: Insurance Tagged With: Benefits, Disability, insurance, work injury, Worker's Compensation

5 Must-Know Tips for Optimizing Your Job Search

March 11, 2023 by Guest Contributor

Looking for a job can be a full-time job in itself. With so many resources, opportunities, and competition out there, maximizing your efforts is essential to stand out from the crowd. Here are five must-know tips for optimizing your job search and increasing your chances of landing the perfect job.

1. Build Your Network

Networking is one of the most important tools in your job search arsenal. Build relationships with people who can help you find the right job or career path. Use LinkedIn to connect with professionals in your field, attend industry events and conferences, or take advantage of virtual networking opportunities like webinars or virtual meetups. And don’t forget about personal connections like friends and family; they might have valuable advice and contacts that could help you land a great opportunity.

2. Ask for Help

Social media is an incredibly powerful tool when it comes to finding jobs. Create an online presence on LinkedIn, Twitter, Instagram, and other relevant platforms for your industry or profession, and use them to stay up-to-date on trends in your field and potential job openings. Many employers also use social media for advertising their open positions, so ensure you follow companies that interest you. For employment assistance, you can also enlist the help of a staffing agency to make your job search even easier.

3. Customize Your Applications

When applying for jobs online, it’s essential that you customize each application for the specific position you’re applying for. Take some time to look closely at the role requirements listed in the job description and tailor your resume accordingly; this will show potential employers that you took the time to understand their needs and demonstrate how well-qualified you are for the position. [Read more…] about 5 Must-Know Tips for Optimizing Your Job Search

Filed Under: Job Hunting Tagged With: job search, Optimizing

Why Becoming a Flooring Installer is a Stable Career Path

February 24, 2023 by Tim McMahon

Flooring InstallationFloor installation is a trade that has been around for centuries. The need to cover floors in homes and businesses has never gone away, and it’s highly unlikely that the demand will diminish in the future. As a floor installer, you can enjoy job security, the opportunity for career growth, and the satisfaction of providing quality services to satisfied customers. According to the U.S. Bureau of Labor Statistics- Flooring Installers and Tile and Stone Setters lay and finish carpet, wood, vinyl, tile, and other materials, and they earned an average of $22.74/hr in 2021.

Job Security

The need to cover floors with hardwood, carpet, tile, linoleum, or concrete will always be in demand. People want their homes and businesses to look beautiful and presentable, which means they rely on floor installers to make it happen. Plus, floor installation isn’t just about covering surfaces; it also involves making repairs when necessary or completely replacing floors as needed. This means that your skills are continually in demand – no matter what type of economy we’re living in! As of this writing, flooring companies like Sandmasters Hardwood Floors Inc. in Wisconsin are desperate for help and are offering starting salaries of $40,000 per year with many other benefits. Companies in higher living cost areas like New York or California will pay even more. [Read more…] about Why Becoming a Flooring Installer is a Stable Career Path

Filed Under: Careers Tagged With: Flooring Installer, Stable Career

Strategies for Conquering Job Search Frustration

February 9, 2023 by Tim McMahon

Job hunting can be a long and frustrating process. It’s easy to feel overwhelmed with the number of applications you need to fill out, interviews you need to attend, and rejections you receive. However, it is possible to stay positive throughout your job search journey if you have the right strategies in place. Read on for some tips on how to ease job-hunting frustration.

Maintain Perspective

job hunting strategiesIt’s important to keep in mind that a job search is just one small part of your life. Don’t let it consume all your thoughts or take away from other activities you enjoy doing. Make sure you take time out of each day for hobbies, relaxation, and fun with family and friends—activities that will help maintain balance and perspective in your life. Speaking of family and friends, hopefully they are being supportive of your efforts. You should also enlist their suggestions, referrals and leads on available jobs. One of the best ways to find a job is to be recommended by someone who already works there. So, network, network, network to get a good reference from someone the company already trusts.

Set Realistic Expectations

Having realistic expectations will go a long way toward helping you manage stress during a job search. It’s important to remember that there are many factors beyond your control when it comes to getting hired; don’t expect too much too soon or become discouraged when things don’t happen as quickly as you’d like them to. Focus on the progress that has been made rather than any setbacks encountered along the way. [Read more…] about Strategies for Conquering Job Search Frustration

Filed Under: Job Hunting Tagged With: Frustration, job hunting, job hunting success

5 Career Opportunities for Disabled Individuals

December 7, 2022 by Tim McMahon

No matter what type of disability you may have, the good news is that there is a great career waiting for you in all types of industries. Unlike in years past when employers may have been hesitant to hire disabled workers, the job market of today is eager to hire workers of all backgrounds and skills. Should you be a disabled individual who is looking for a great career opportunity, here are five possibilities you may want to consider.

File Clerk

If you have a hearing impairment, being a file clerk would be a great career. The perfect job if you like routine work and keeping track of records, this job requires minimal contact with others on a daily basis, letting you work alone while you keep things organized.

Credit Counselor

Should you have a visual impairment, consider becoming a credit counselor. Working with a variety of clients, you will help people establish budgets, understand how to set and reach financial goals, and much more. A job where it is key for you to build interpersonal relationships with others, it has an annual average salary approaching $45,000.

Actuary

One of the best disability job opportunities for people who have mobility issues, becoming an actuary will provide you with a great and satisfying career. Working for an insurance company, you would use your math and statistical skills to help companies analyze risk, which helps determine insurance coverage for various situations. A job that is always in demand, the annual salary can often exceed $100,000. [Read more…] about 5 Career Opportunities for Disabled Individuals

Filed Under: Careers Tagged With: career, Disability

Are You Eligible for Social Security Disability Benefits?

December 1, 2022 by Tim McMahon

If you are unable to work due to a disability, you may be eligible for Social Security Disability (SSD) Benefits. Like all government programs, there are very specific requirements you have to meet in order to be eligible for benefits. Plus, the application process for these benefits may be a bit daunting, but finding out if you qualify is worth the effort.

Eligibility for SSD Benefits

You must meet two basic criteria to be eligible for Social Security Disability benefits:

  • You must have a medical condition that meets the criteria of disability as defined by the Social Security Administration (SSA).
  • Your situation should have precluded you from working for about a year or be anticipated to bar you from working for over one year.

The medical condition must prevent you from engaging in “substantial gainful activity.” Work that pays over $1,070 monthly (or $1,800 if you are blind) is considered this. The SSA’s website has a list of disabling conditions, which includes:

  • Cancer
  • Muscular dystrophy
  • Amputation
  • Multiple sclerosis
  • Cerebral palsy
  • Arthritis, etc.

Depending on your age, you must also have worked and paid Social Security taxes for a certain number of years. For example, a 31-year-old must have worked for the previous ten years. People who become disabled before age 22 have a different work requirement; generally, they or a parent should have worked for a sufficient period to be eligible for benefits. [Read more…] about Are You Eligible for Social Security Disability Benefits?

Filed Under: Benefits Tagged With: Disability, Disability Insurance, ss benefits

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